Mission West Inks $1.3B Deal To Sell All Properties

Law360, New York (November 5, 2012, 4:08 PM EST) -- Real estate investment trust Mission West Properties Inc. announced Friday that it would sell all of its real estate assets in transactions totaling $1.3 billion as the California company plans for a future liquidation.

Mission West said it would sell some of its real estate assets to a joint venture sponsored by affiliates of real estate investment firms DivcoWest and TPG Real Estate, which will pay $400 million in cash and assume $398 million in debt and other obligations. The company said some of its operating...